AMFAX vs. SPY
Compare and contrast key facts about AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and SPDR S&P 500 ETF (SPY).
AMFAX is managed by Blackrock. It was launched on Jul 30, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMFAX or SPY.
Correlation
The correlation between AMFAX and SPY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMFAX vs. SPY - Performance Comparison
Key characteristics
AMFAX:
-0.43
SPY:
2.21
AMFAX:
-0.48
SPY:
2.93
AMFAX:
0.94
SPY:
1.41
AMFAX:
-0.13
SPY:
3.26
AMFAX:
-0.54
SPY:
14.43
AMFAX:
8.96%
SPY:
1.90%
AMFAX:
11.39%
SPY:
12.41%
AMFAX:
-37.95%
SPY:
-55.19%
AMFAX:
-37.44%
SPY:
-2.74%
Returns By Period
In the year-to-date period, AMFAX achieves a -5.09% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, AMFAX has underperformed SPY with an annualized return of -0.74%, while SPY has yielded a comparatively higher 12.97% annualized return.
AMFAX
-5.09%
-1.27%
-9.88%
-5.09%
1.75%
-0.74%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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AMFAX vs. SPY - Expense Ratio Comparison
AMFAX has a 1.72% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AMFAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AMFAX vs. SPY - Dividend Comparison
AMFAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMFAX AlphaSimplex Managed Futures Strategy Fund Class A | 0.00% | 0.30% | 10.01% | 5.74% | 3.14% | 6.12% | 0.00% | 0.00% | 0.00% | 2.08% | 2.63% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AMFAX vs. SPY - Drawdown Comparison
The maximum AMFAX drawdown since its inception was -37.95%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AMFAX and SPY. For additional features, visit the drawdowns tool.
Volatility
AMFAX vs. SPY - Volatility Comparison
The current volatility for AlphaSimplex Managed Futures Strategy Fund Class A (AMFAX) is 2.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.72%. This indicates that AMFAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.